Citigroup Downgrades TAL Education Group (NYSE:TAL) to Neutral

Citigroup downgraded shares of TAL Education Group (NYSE:TAL - Free Report) from a buy rating to a neutral rating in a research report released on Friday, MarketBeat.com reports. The brokerage currently has $11.54 price objective on the stock, down from their previous price objective of $13.40.

Other equities research analysts have also issued research reports about the stock. Macquarie lowered shares of TAL Education Group from an "outperform" rating to a "neutral" rating and lowered their target price for the stock from $14.50 to $10.90 in a report on Thursday, April 24th. JPMorgan Chase & Co. lowered TAL Education Group from an "overweight" rating to a "neutral" rating and dropped their target price for the company from $16.00 to $11.00 in a report on Thursday, April 24th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $12.66.

TAL Education Group Stock Down 4.5%

Shares of NYSE:TAL traded down $0.48 during trading on Friday, hitting $10.21. 6,705,932 shares of the company were exchanged, compared to its average volume of 7,871,539. TAL Education Group has a 1-year low of $7.34 and a 1-year high of $15.30. The company has a market capitalization of $6.22 billion, a P/E ratio of 72.93 and a beta of 0.11. The business's 50 day moving average is $10.20 and its 200-day moving average is $11.20.

TAL Education Group (NYSE:TAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). TAL Education Group had a net margin of 3.76% and a return on equity of 2.26%. The firm had revenue of $610.24 million during the quarter, compared to the consensus estimate of $639.89 million. During the same quarter in the prior year, the business posted $0.08 earnings per share. As a group, sell-side analysts anticipate that TAL Education Group will post 0.2 earnings per share for the current year.

Institutional Investors Weigh In On TAL Education Group

Several institutional investors have recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc. purchased a new position in shares of TAL Education Group in the first quarter valued at about $29,000. SBI Securities Co. Ltd. bought a new position in TAL Education Group during the 4th quarter valued at approximately $40,000. iA Global Asset Management Inc. bought a new position in shares of TAL Education Group during the fourth quarter valued at approximately $79,000. Headlands Technologies LLC purchased a new stake in TAL Education Group in the first quarter worth $99,000. Finally, Dark Forest Capital Management LP purchased a new stake in TAL Education Group in the fourth quarter worth $114,000. Hedge funds and other institutional investors own 37.79% of the company's stock.

About TAL Education Group

TAL Education Group provides K-12 after-school tutoring services in the People's Republic of China. It provides learning services primarily through small-classes services; personalized premium services; and learning content solutions, such as print books, smart books, mobile apps, and AI-driven learning devices.